JTC Group, a provider of private client, corporate, fund and real estate services, has been granted a license to deliver its full range of services.
The firm already had a presence in Cayman through an alliance office since 2013.
Stuart Pinnington, JTC Group head of Corporate Services who will oversee the Cayman office, said, “Many of our clients are based in Asia and the Middle East and have shown a keen interest in Cayman as a service center, and we are now able to offer them our full suite of services.”
The Cayman office will continue to build on its platform of services for private and international clients. This will include company incorporation and administration services and the provision of directors to companies and regulated funds, JTC Group said.
The office will also focus on establishing and servicing Cayman domiciled funds as well as listings of securities on the Cayman Islands Stock Exchange.
“Cayman is an exciting and necessary addition to our global footprint,” Mr. Pinnington said. “It is viewed as a major international finance center with a thriving financial services industry and is particularly attractive to private and institutional investors. It is also recognized as a leading jurisdiction for fund establishment which aligns with our growing funds practice.”
JTC was formed in 1987 and employs nearly 300 staff in offices in Argentina, Brazil, the BVI, the Cayman Islands, Guernsey, Jersey, Luxembourg, New Zealand, Switzerland and the U.K., in addition nine alliance offices around the world.
In August JTC opened its second representative office in the U.S., in New York. It has an office in Miami as well.
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